Marks and Spencer Group (LON:MKS) Stock Price Passes Above 200 Day Moving Average of $247.95

Shares of Marks and Spencer Group plc (LON:MKS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 247.95 ($3.09) and traded as high as GBX 250.30 ($3.12). Marks and Spencer Group shares last traded at GBX 250.20 ($3.11), with a volume of 3,244,288 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MKS. JPMorgan Chase & Co. lifted their target price on shares of Marks and Spencer Group from GBX 260 ($3.24) to GBX 330 ($4.11) and gave the company an “overweight” rating in a report on Thursday, April 11th. Barclays restated an “overweight” rating and issued a GBX 300 ($3.73) price objective on shares of Marks and Spencer Group in a research note on Tuesday, February 6th. Finally, Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 287 ($3.57).

Marks and Spencer Group Trading Down 1.0 %

The firm has a market capitalization of £5.03 billion, a price-to-earnings ratio of 1,251.00, a price-to-earnings-growth ratio of 3.10 and a beta of 1.57. The business’s 50 day moving average price is GBX 247.69 and its 200-day moving average price is GBX 247.95. The company has a debt-to-equity ratio of 115.61, a current ratio of 0.80 and a quick ratio of 0.42.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.